Budget Briefs

The development and preparation of the University's operating budget is a very complex process. To help members of the University's community understand the budget process and provide context in how the operating budget is formulated, these "Budget Briefs" have been created to explain different aspects of the creation and implementation of the University's operating budget.

2024-25 Budget Briefs

2024-25 Operating Budget Guidelines & Assumptions (last updated March 2025)

Budget Process (last updated March 2025)

Accounting for Operating Budget Uncertainties in the Planning Process (last updated March 2025)

Investment Management Agreements (last updated March 2025)

Budget Values (last updated March 2025)

University Net Assets (last updated March 2025)

Operating Surpluses (last updated March 2025)

Operating vs Restricted Budgets (last updated March 2025)

Operating Expenses (last updated March 2025)

Tuition Fee Rates (last updated March 2025)

Understanding 2023-2024 Financial Statements and Financial Ratios (last March 2024)

Internally Restricted Funds Summary ("Reserves") (last updated March 2024)